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What happens in the bitcoin network when two miners solve a block at the same time?
When two miners solve a block at the same time on the bitcoin network it creates a duplicate block. -
What is a stale block?
A stale block or or orphan block is one of the duplicate blocks that are dropped when two miners solve a block a the same time. -
How do stale blocks occur?
A stale block occurs when two miners solve a block on the bitcoin network at the same time, and one of those duplicate blocks needs to be discarded to create a stale block.
- Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
This will allow you to confirm that none of the blocks in your transaction were stale, and assures that you are one the longest part of the block chain.